British Parliament to Debate Money Creation
Money creation may well be the biggest economic issue of our times. The way that new money is created has a massive impact on our entire economy and, in fact, it would not be an exaggeration to suggest that it is the defining characteristic of our economic system. Across the world, in all of the major economies, money creation is dominated by banks.....
Related News
Last month, the United Kingdom parliament debated an arcane topic that hasn't been raised in the legislative chamber in 170 years: money creation. The last time the subject was discussed in the House of Commons was when the Bank Charter Act of 1844 was passed. That historic act put an end to British commercial banks' ability to issue banknotes, transferring those powers exclusively to the Bank of England. The member of parliament who revived the topic in the House was Steve Baker, who was recently elected to a seat on the Treasury Select Committee. The committee is responsible for....
British Parliament Member Matt Hancock has called for “liberal” cryptocurrency regulation, noting that no country can stop the crypto revolution. “I hate the patronizing idea of regulators telling people what they can and can’t do with their money,” the lawmaker stressed. British MP Wants ‘Liberal’ Crypto Regulation Matt Hancock, a Conservative member of parliament and former British health secretary, reiterated the importance of having a “liberal” regulatory framework for cryptocurrency this week. The lawmaker explained in an....
Former Member of the European Parliament Godfrey Bloom has bought his first bitcoin. The British politician is famed for numerous controversial views, such as calling the entire banking system a scam and the state an institution of theft. Godfrey Bloom Now Owns Bitcoin Godfrey Bloom is a British politician who served as a Member of the European Parliament (MEP) for Yorkshire and the Humber from 2004 to 2014. He was elected for the U.K. Independence Party but later served as an Independent. Bloom has also published six books on military history and the Austrian School of Economics. The....
In an exclusive interview with Cointelegraph, U.K. Member of Parliament Dr. Lisa Cameron said there is a “vision” that the U.K. will become an international hub of crypto and digital assets. The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin conference, Cointelegraph spoke to Dr. Lisa Cameron, a Member of Parliament who is spending more and more time working with digital assets. Cameron told Cointelegraph: “I have spoken to companies who are involved in CBDCs and stablecoins. We've looked at crypto tokens, and Bitcoin is....
Prince Charles spoke on behalf of the Queen of England (citing health reasons) at the House of Lords last week, outlining her government’s legislative priorities and listing the measures it intends to present to members of parliament. One of the emphasis was on cryptocurrencies during the Queen’s annual address to the British Parliament, as the […]